At a Glance
- Tasks: Manage and run the reconciliations process in-house for a leading hedge fund.
- Company: Join one of Europe's top-performing hedge funds experiencing rapid growth.
- Benefits: Enjoy a competitive salary up to £90k plus 50% bonuses and WFH flexibility.
- Why this job: Gain autonomy in a high-visibility role with opportunities for cross-training and project management.
- Qualifications: Experience in operations or finance is preferred; strong analytical skills are essential.
- Other info: Be the primary contact for external providers and collaborate with senior managers.
The predicted salary is between 54000 - 126000 £ per year.
One of the highest performing hedge funds in Europe, going through exponential growth of AUM, geographical coverage and headcount, are looking to make a newly created, specialist / SME hire for its London operations team.
Currently, all reconciliations are carried out by a fund administrator, but the firm will now bring the reconciliations process in-house. The new hire will build out, manage and run this process. The hire will face off to senior managers and PMs; having accurate figures and on-time data is essential to the desk, whilst ensuring that the reconciliations are carried out in a smooth manner.
You will be the primary contact point for external providers and will manage relationships with multiple prime brokers. Whilst reconciliations will be the primary focus of the job, the hire will sit with trader assistants, treasury and finance teams, with some cross-training included.
Once the reconciliations piece is set up in-house, the hire will be given plenty of autonomy to run a broader range of projects in operations / middle office. All things being considered, this is a highly visible and autonomous role in a world-class hedge fund.
The role will target providing the successful hire with a very attractive step-up on his/her current base salary, most likely up to £90k year-one. Top performing operations staff in the business typically earn 50%+ bonuses. It is possible to have some WFH flexibility in this role week-to-week.
Operations Specialist (Recs SME) - Elite Hedge Fund - Up to £90k base + 50% bonuses (WFH flex) employer: Mondrian Alpha
Contact Detail:
Mondrian Alpha Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Specialist (Recs SME) - Elite Hedge Fund - Up to £90k base + 50% bonuses (WFH flex)
✨Tip Number 1
Familiarise yourself with the specific reconciliation processes used in hedge funds. Understanding the nuances of in-house reconciliations versus those managed by fund administrators will give you a significant edge during discussions with senior managers.
✨Tip Number 2
Network with professionals already working in operations roles within hedge funds. Engaging with them can provide insights into the challenges they face and the skills that are most valued, which you can highlight in conversations.
✨Tip Number 3
Prepare to discuss your experience in managing relationships with external providers. Since this role involves liaising with multiple prime brokers, showcasing your relationship management skills will be crucial.
✨Tip Number 4
Demonstrate your ability to work autonomously on projects. This role offers a lot of independence, so be ready to share examples of how you've successfully managed projects or processes in previous positions.
We think you need these skills to ace Operations Specialist (Recs SME) - Elite Hedge Fund - Up to £90k base + 50% bonuses (WFH flex)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in operations, particularly in reconciliations and relationship management. Use specific examples that demonstrate your ability to manage processes and work with senior managers.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the hedge fund industry. Discuss how your skills align with the job requirements, particularly your experience in managing reconciliations and working with external providers.
Showcase Your Analytical Skills: Since accuracy and timely data are crucial for this role, provide examples of how you've successfully handled data analysis or reconciliations in previous positions. Highlight any tools or software you are proficient in that could be beneficial for the role.
Prepare for Interviews: If selected for an interview, be ready to discuss your previous experiences in detail. Prepare to answer questions about how you would approach building and managing the reconciliations process in-house, as well as how you would handle relationships with prime brokers.
How to prepare for a job interview at Mondrian Alpha
✨Understand the Reconciliation Process
Make sure you have a solid grasp of the reconciliation process, as this will be a key focus of the role. Be prepared to discuss your previous experience with reconciliations and how you would approach bringing this process in-house.
✨Showcase Your Relationship Management Skills
Since you'll be managing relationships with multiple prime brokers, it's essential to demonstrate your ability to build and maintain strong professional relationships. Prepare examples of how you've successfully managed stakeholder expectations in the past.
✨Highlight Your Autonomy and Initiative
This role offers a lot of autonomy, so be ready to discuss instances where you've taken the initiative in previous roles. Share specific projects where you led efforts or implemented changes that improved processes.
✨Prepare for Technical Questions
Expect technical questions related to operations and middle office functions. Brush up on relevant financial regulations, operational best practices, and any software tools commonly used in reconciliations to show your expertise.